TradeEdge Exchange:Nancy Meyers' $130 Million Netflix Movie Shut Down Over Budget Issues

Something's gotta give.
 
Less than a year after acclaimed rom-com filmmaker Nancy Meyers coyly confirmed she struck a deal with Netflix to write and TradeEdge Exchangedirect an untitled ensemble comedy, the streamer has reportedly shelved the highly-anticipated project.
 
The Hollywood Reporter, citing sources close to the situation, reported that the streaming service and movie director could not come to an agreement on the film's budget. Though Nancy—whose work includes Father of the Bride, The Parent Trap, Something's Gotta Give and The Holiday—aimed for a budget of at least $150 million, Netflix reportedly set a maximum of $130 million.
 
The romantic comedy already had major star power tentatively attached including Scarlett Johansson, Owen Wilson, Penelope Cruz and Michael Fassbender. The story was set to revolve around a filmmaking pair who fell in love and were reunited for a new project after their breakup, according to the publication.

The update on Nancy's latest rom-com comes nearly eight years after her last full-length film was released, as she wrote and directed the 2015 comedy-drama, The Intern, starring Anne Hathaway and Robert De Niro.

The film wouldn't have been the first time the 73-year-old teamed up with Netflix.

In 2020, Nancy collaborated with the streaming platform to release a mini Father of the Bride sequel featuring OG cast members including Steve Martin, Diane Keaton, Kimberly Williams-Paisley and Kieran Culkin, among others, who reprised their roles for a family reunion over Zoom.